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Next Steps for Asean+3 Central Securities Depository and Real-Time Gross Settlement Linkages: A Progress Report of the Cross-Border Settlement Infrast

Next Steps for Asean+3 Central Securities Depository and Real-Time Gross Settlement Linkages: A Progress Report of the Cross-Border Settlement Infrast

Paperback

Business GeneralEconomicsInvesting & Finance

ISBN10: 9292622722
ISBN13: 9789292622725
Publisher: Asian Development Bank
Published: Sep 30 2020
Pages: 66
Weight: 0.52
Height: 0.18 Width: 8.50 Depth: 11.00
Language: English
This report provides an update on progress toward the establishment of a regional settlement intermediary to support investment and more integrated bond markets among ASEAN+3 economies.

The proposed intermediary is to be based on bilateral links between national central securities depositories and central banks' real-time gross settlement systems. This model can realize cross-border delivery versus payment settlement to enable safe and efficient cross-border financial transactions. The report also highlights emerging trends and challenges in cross-border financial transactions and sets out next steps in establishing a regional settlement intermediary.

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